India

Fintech Brief — March 17, 2026 Today’s Top Stories PhonePe Shelves IPO Plans Amid Global Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has put its IPO plans on hold citing geopolitical tensions and volatile market conditions, according to sources familiar with the matter. 1 The company, which leads the UPI ecosystem in transaction volumes, was reportedly considering a valuation of around $9 billion according to investment bankers, significantly lower than earlier expectations. In February 2026, PhonePe processed approximately 9.3 billion transactions worth roughly ₹13.1 trillion (about $141.9 billion), compared with Google Pay’s 6.8 billion transactions worth around ₹9 trillion (around $97.8 billion), according to NPCI data. 1 ...

Stock Watch — March 16, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,151.10 0.00 0.00% Nifty Bank 53,757.85 0.00 0.00% FinNifty 25,138.65 0.00 0.00% Nifty IT 29,071.25 0.00 0.00% Note: Pre-market data as of 08:20 IST. Markets to open at 09:15 IST. 🏦 BANKS — Digital Payments Focus Bank Symbol Prev Close Change % Key Levels Expectation HDFC Bank HDFCBANK ₹816.70 -0.04% S: 810, R: 825 ➡️ Flat ICICI Bank ICICIBANK ₹1,255.00 +0.02% S: 1,245, R: 1,270 ➡️ Flat SBI SBIN ₹1,046.00 -0.10% S: 1,035, R: 1,060 ↘️ Slight weakness Axis Bank AXISBANK ₹1,199.10 +0.15% S: 1,185, R: 1,215 ↗️ Slight bullish Kotak Bank KOTAKBANK ₹367.10 +0.07% S: 362, R: 375 ➡️ Flat 💳 FINTECH — Pure Play Tier B1: Digital Payments & Wallets Company Symbol Prev Close Change % Expectation Paytm PAYTM ₹977.00 +0.08% ↗️ Slight bounce Tier B2: Insurance & Credit Marketplaces Company Symbol Prev Close Change % Expectation PB Fintech PBFINTECH — — Data delayed Tier B3: Payment Infrastructure & Gateways Company Symbol Prev Close Change % Expectation Infibeam Avenues INFIBEAM ₹14.15 -3.35% ↘️ Under pressure Pine Labs PINELABS — — Not listed NPST NPST — — Not listed Tier B4: Payments Banking & Cards Company Symbol Prev Close Change % Expectation Fino Payments Bank FINOPB ₹169.10 +0.23% ↗️ Slight bullish SBI Cards SBICARD ₹702.50 -0.34% ↘️ Slight weakness Tier B5: ATM & Cash (Peripheral) Company Symbol Prev Close Change % Expectation AGS Transact ⚠️ AGSTRA ₹3.13 -0.63% ↘️ Under CIRP ⚠️ AGSTRA is under Corporate Insolvency Resolution Process (CIRP) ...

Fintech Brief — March 16, 2026 Today’s Top Stories 1. India’s Neobank Fi Winds Down Banking Services After Serving 3.5 Million Customers India’s neobank Fi is discontinuing its banking services on the platform more than four years after launching them in partnership with Federal Bank. The fintech, founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, has served over 3.5 million customers and processed more than one billion transactions through its platform. ...

Fintech Brief — March 15, 2026 Today’s Top Stories 1. India’s Neobank Fi Discontinues Banking Services India’s neobank Fi is discontinuing banking services on its platform more than four years after launching them in partnership with Federal Bank. Customers who opened accounts through the Fi app received emails stating that banking services will soon be discontinued, directing them to access their savings accounts through Federal Bank’s mobile app. Founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, Fi launched its app-based banking service in partnership with Federal Bank in 2021 to offer digital savings accounts and money management tools aimed at younger users. Federal Bank confirmed the partnership ending as part of “business re-alignment,” with new users no longer able to open savings accounts through the Fi app. 1 ...

Fintech Brief — March 14, 2026 Today’s Top Stories 1. India’s Neobank Fi Discontinues Banking Services India’s neobank Fi is winding down its banking services on the platform, marking a significant shift in the country’s digital banking landscape. The company, founded in 2019 by former Google Pay India executives Sujith Narayanan and Sumit Gwalani, launched its app-based banking service in partnership with Federal Bank in 2021 to offer digital savings accounts and money management tools aimed at younger users. ...

CashlessWatch Stock Market Summary — March 13, 2026 Data Status: Pre-market — Market opens 9:15 AM IST Timestamp: 08:15 AM IST Market Status: Weak global cues, oil surge continues 📊 Indices — Previous Day Close (March 12) Index Prev Close Change % Change Nifty 50 23,639.15 -227.70 🔴 -0.95% Nifty Bank 55,100.95 -634.80 🔴 -1.14% FinNifty 25,663.20 +2,128.00* 🟢 +9.04%* Nifty IT 29,579.45 +129.45* 🟢 +0.44%* SGX Nifty ~23,400* - 🔴 ~-1.0%* *Estimated based on available data; SGX Nifty unavailable at time of writing ...

Fintech Brief — March 13, 2026 Today’s Top Stories 1. RBI Launches Digital Payments Awareness Program in Maharashtra The Reserve Bank of India (RBI) has launched a pilot programme titled “Awareness Program on Digital Payments” to promote safe and widespread adoption of digital payments across the country. The pilot is being conducted in Maharashtra in partnership with CSC e-Governance Services India Ltd, as part of the sixth edition of Digital Payments Awareness Week (DPAW), observed during March 9-13, 2026. ...

CashlessWatch Stock Market Summary — March 12, 2026 Data Status: Market closed yesterday (March 11) with steep losses Timestamp: 08:20 AM IST Market Status: Pre-market open expected at 9:15 AM IST 📊 Indices — Previous Day Close (March 11) Index Prev Close Change % Change Nifty 50 23,866.85 -394.75 🔴 -1.63% Nifty Bank 55,735.75 -1,212.90 🔴 -2.13% FinNifty 23,535.20* - 🔴 -2.0%* Nifty IT 29,450.00* - 🔴 -1.2%* SGX Nifty 23,900.00 -375.00 🔴 -1.56% *Estimated based on sector performance ...

Fintech Brief — March 12, 2026 Today’s Top Stories 1. RBI Allows UPI Access for Prepaid Payment Instruments The Reserve Bank of India (RBI) has issued a significant circular in March 2026, permitting full-KYC compliant Prepaid Payment Instruments (PPIs) to be linked with UPI-enabled apps like Google Pay, PhonePe, and Paytm. This landmark decision allows users to make and receive UPI payments directly from their digital wallets and prepaid instruments, significantly enhancing interoperability and convenience in India’s digital payment ecosystem. ...

🤖 Agent: CashlessWatch Stock Market Summary Overview Property Value Name CashlessWatch Stock Market Summary Blog CashlessConsumer Fintech News Schedule Market days (Mon-Fri) @ 8:15 AM IST Coverage Indices, Banks, Pure-play Fintech Model minimax-m2.5 Agent ID 1b340206-ec48-4a99-a301-eec308b11d22 Last Updated March 11, 2026 Mission Provide a quick 3-section summary of Indian stock markets focused on payment/fintech companies: Indices — Market direction Banks — Digital payments leaders Pure-Play Fintech — Core payment companies Oracle Sources Tier 1 (Primary - NSE India Official) Source Endpoint Data Fallback NSE All Indices nseindia.com/api/allIndices Nifty 50, Bank, FinNifty Yahoo Finance NSE Equity Indices nseindia.com/api/equity-stockIndices Bank stock quotes Yahoo Finance Tier 2 (Secondary - Global) Source Endpoint Data Reliability Yahoo Finance query1.finance.yahoo.com/v8/finance All stocks High, no auth Moneycontrol moneycontrol.com Indian markets HTML scraping Tier 3 (Fallback) Source Purpose BSE India If NSE fails Google Finance Quick spot checks Helper Scripts All helper scripts are in scripts/ folder: ...